Tianjin Free-Trade Zone


Tianjin Free-Trade Zone, officially China Pilot Free-Trade Zone is a free-trade zone in Tianjin, China. It is the only free-trade zone in North China. The zone covers three areas — Tianjin Airport Economic Area, Dongjiang Free Trade Port Zone and Binhai New Area Central Business District.
Under the Overall program of China Pilot Free-Trade Zone, the mission of Tianjin FTZ's foundation is an important initiative to implementation of coordinated development of Beijing, Tianjin and Hebei.
WWW china-tjftz.gov.cn

History

In 2006, the Chinese Communist Party Tianjin Municipal Research Room said the Dongjiang Free Trade Port Zone will be the highly open and free trade demonstration harbor. The goal of medium-term development is built the first free-trade zone which is meeting international practice in 2015, and the goal of long-term development is built the comprehensive free-trade zone in 2020.
In December 2007, Dongjiang Free Trade Port Zone determined the clear direction for the development of free-trade zone.
In 2013, Commerce Ministry of PRC reported the embodiments of the Shanghai and Tianjin FTZ, but the embodiment of Tianjin was not passed. In July, the drafting group of the embodiment of Tianjin FTZ was founded.
On August 7, 2014, Tianjin and Beijing signed the Implement the joint development of Beijing, Tianjin and Hebei major national strategy to promote the implementation of key work agreement, the agreement mentioned Beijing supported Tianjin to build the free-trade zone.
On December 28, 2014, the executive meeting of State Council of the People's Republic of China passed the resolution for Tianjin FTZ.
On March 24, 2015, the Overall program of China Pilot Free-Trade Zone was passed by Politburo of the Chinese Communist Party. On April 8, 2015, the Overall program of Tianjin FTZ was approved by the State Council of the People's Republic of China.
On April 21, 2015, Tianjin FTZ was founded. Also, twenty-six financial institutions were founded in Tianjin FTZ.

Layout

Tianjin Free-Trade Zone covers an area of 119.9 square kilometres and included three areas — Tianjin Airport Economic Area, Dongjiang Free Trade Port Zone and Binhai New Area Central Business District.
  • Tianjin Airport Economic Area: The area focuses the development on the aerospace industry, equipment manufacturing, new generation of information technology and other high manufacturing and R & D, aviation logistics and other producer services. It covers the land of 43.1 square kilometres.
  • Dongjiang Free Trade Port Zone: The area focuses the development on the shipping and logistics, international trade and finance lease. It covers the land of 30 square kilometres.
  • Binhai New Area Central Business District: The area focuses the development on the financial innovation. It covers the land of 46.8 square kilometres.